SequelSEC

AMERICAN EXPRESS CO AXP

Finance Services · CIK 0000004962 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$72.23B
Fiscal year ended 2025-12-31
Net income
$10.83B
Fiscal year ended 2025-12-31
Total assets
$300.05B
Fiscal year ended 2025-12-31

AMERICAN EXPRESS CO (AXP) reported revenue of $72.23B and net income of $10.83B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from AMERICAN EXPRESS CO’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Finance Services.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

AMERICAN EXPRESS CO income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$72.23B$65.95B$60.52B$52.86B$42.38B$36.09B$43.56B$40.34B$36.88B$35.44B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$10.83B$10.13B$8.37B$7.51B$8.06B$3.14B$6.76B$6.92B$2.75B$5.38B
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 696.00Mshares 713.00Mshares 736.00Mshares 752.00Mshares 790.00Mshares 806.00Mshares 830.00Mshares 859.00Mshares 886.00Mshares 935.00M
Pretax income$13.80B$12.90B$10.51B$9.58B$10.69B$4.30B$8.43B$8.12B$7.42B$8.04B
Income tax expense$2.96B$2.77B$2.14B$2.07B$2.63B$1.16B$1.67B$1.20B$4.68B$2.67B
Diluted EPS$15.38$14.01$11.21$9.85$10.02$3.77$7.99UnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

AMERICAN EXPRESS CO balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalentsUnavailableUnavailableUnavailable$33.37B$21.50BUnavailableUnavailableUnavailableUnavailableUnavailable
Total assets$300.05B$271.46B$261.11B$228.35B$189.00B$191.00B$198.00B$189.00B$181.00B$159.00B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$266.58B$241.20B$233.05B$203.64B$166.37B$168.38B$175.25B$166.31B$162.94B$138.39B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$33.47B$30.26B$28.06B$24.71B$22.18B$22.98B$23.07B$22.29B$18.26B$20.52B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$56.79B$55.32B$53.53B$46.84B
Goodwill$4.87B$4.19B$3.85B$3.79B$3.80B$3.85B$3.32B$3.07B$3.01B$2.93B
Long-term debt$56.39B$49.72B$47.87B$42.57B$38.68B$42.95B$57.84B$58.42B$55.80B$46.99B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

AMERICAN EXPRESS CO cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$18.43B$14.05B$18.56B$21.08B$14.64B$5.59B$13.63B$8.93B$13.54BUnavailable
Capital expenditures$2.42B$1.91B$1.56B$1.86B$1.55B$1.48B$1.64B$1.31B$1.06B$1.38B
Investing cash flow-$22.89B-$24.40B-$24.43B-$33.69B-$10.53B$11.63B-$16.71B-$19.62B-$18.24BUnavailable
Financing cash flow$11.21B$4.44B$18.38B$24.51B-$14.93B-$9.07B-$519.00M$5.10B$12.24BUnavailable
Net change in cash$7.15B-$5.96B$12.68B$11.89B-$10.94B$8.52B-$3.36B-$5.46B$7.77B$2.26B
Stock-based compensation$551.00M$504.00M$450.00M$375.00M$330.00M$249.00M$283.00M$283.00M$282.00M$254.00M
Common dividends paid$2.27B$2.00B$1.78B$1.56B$1.45B$1.47B$1.42B$1.32B$1.25B$1.21B
Common share repurchases$5.81B$6.02B$3.65B$3.50B$7.65B$1.03BUnavailable$1.60B$4.30B$4.40B
Depreciation & amortization$1.78B$1.68B$1.65B$1.63B$1.70B$1.54B$1.19B$1.29B$1.32B$1.10B

Derived

AMERICAN EXPRESS CO derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow$16.00B$12.14B$17.00B$19.22B$13.10B$4.11B$11.99B$7.62B$12.48BUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF margin22.2%18.4%28.1%36.4%30.9%11.4%27.5%18.9%33.8%Unavailable
SBC / revenue0.8%0.8%0.7%0.7%0.8%0.7%0.6%0.7%0.8%0.7%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth9.5%9.0%14.5%24.7%17.4%-17.1%8.0%9.4%4.1%Unavailable
Net margin15.0%15.4%13.8%14.2%19.0%8.7%15.5%17.2%7.5%15.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue3.4%2.9%2.6%3.5%3.7%4.1%3.8%3.2%2.9%3.9%
Long-term debt / equity1.68xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate21.5%21.5%20.3%21.6%24.6%27.0%19.8%14.8%63.0%33.2%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AXP in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-24View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-06View SEC filing
10-Q · Filed 2025-10-17View SEC filing
10-Q · Filed 2025-07-18View SEC filing
10-Q · Filed 2025-04-18View SEC filing

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Reconciliation checks needing review

5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2021-12-31

Difference 452000000 exceeds tolerance 189000000.000. Presentation or filing-vintage differences need review.

balance equationreview2020-12-31

Difference 367000000 exceeds tolerance 191000000.000. Presentation or filing-vintage differences need review.

balance equationreview2019-12-31

Difference 321000000 exceeds tolerance 198000000.000. Presentation or filing-vintage differences need review.

balance equationreview2018-12-31

Difference 398000000 exceeds tolerance 189000000.000. Presentation or filing-vintage differences need review.

balance equationreview2017-12-31

Difference 196000000 exceeds tolerance 181000000.000. Presentation or filing-vintage differences need review.